Blog Post: Day 4 of $QQQ short term down-trend; 129 new US highs, 181 lows; MACD histograms suggesting turn in GLD and UUP, see charts


The MACD histograms often show a change in trend before it is evident in the price. Look at how the histogram has been steadily rising as price declines=positive divergence.

In contrast, the dollar, UUP, is showing a negative divergence.

Gold rises as the dollar falls. Compare the two charts. As the value of the dollar declines, it takes more dollars to buy an ounce of gold.


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